§45U — A price floor for existing nuclear, tokenized
$0.015/kWh inversely scaled with gross receipts. The credit acts as a wholesale price floor for existing nuclear plants — and now monetizes via §6418 transferability.
The trade
§45U gives existing nuclear plants a credit that decreases as wholesale power prices rise — effectively a price floor. Up to $0.015/kWh with PWA, scaled inversely with gross receipts.
BV tokenizes per MWh from ISO meter data, with the gross-receipts adjustment computed at quarterly close and reflected in subsequent mint events.
OTC Desk
liveBilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.
About the OTC DeskOn-chain marketplace
testnetCredit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.
About §6418 transferabilityMechanics
- Base rate: $0.003/kWh
- PWA multiplier: 5x → $0.015/kWh
- Gross-receipts adjustment: credit shrinks 80% of receipts above $0.025/kWh
- Window: 2024–2032 production
Status
Planned. Requires ISO meter feed integration for the targeted plants.
More from BV Energy
§45Q — Carbon Sequestration
PlannedTokenized §45Q Carbon Oxide Sequestration Credit. $85/ton for industrial CCS, $180/ton for Direct Air Capture, with subsurface storage verification.
§45V — Clean Hydrogen
TestnetTokenized §45V Clean Hydrogen Production Tax Credit. Up to $3/kg for qualifying lifecycle-carbon-verified hydrogen, with on-chain hourly EAC matching.
§45X — Advanced Manufacturing
TestnetTokenized §45X Advanced Manufacturing Production Credit for solar components, wind components, battery cells/modules, inverters, and critical minerals processing.